Buyer Information and the Hedonic: The Impact of a Seller Disclosure on the Implicit Price for Airport Noise

By Jaren C. Pope. 2008

265 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Speech and Hearing

View Paper: https://www.semanticscholar.org/paper/21839072adba034f3bd37cfabecdbce6fd58ec2d

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Speech and Hearing

Citations in the corpus

The Life Satisfaction Approach to Environmental Valuation (2010, background): “Distorted risk perceptions may bias hedonic estimates in either direction since people may underestimate or exaggerate the risk of pollution.6 In contrast, incomplete information about prevailing pollution levels invariably attenuates price gradients towards zero (Pope 2008b).”
The Windy City: Property Value Impacts of Wind Turbines in an Urban Setting (2014, methodology): “HPM models have been applied to estimate implicit values associated with a wide range of amenities and disamenities: airport noise (Pope 2008), crime (Bishop and Murphy 2011), power plants (Davis 2011), air quality (Bento et al.”
Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities (2010, methodology): “18 While these assumptions are standard in the empirical literature, recent work has suggested that accounting for moving costs and imperfect information can affect hedonic estimates for nonmarket values [6,27].”
Best Practices for Using Hedonic Property Value Models to Measure Willingness to Pay for Environmental Quality (2020, background): “One common practice is to define the market as a single metropolitan area over a few years (e.g., Pope 2008b; Abbott and Klaiber 2013).”
Are Travelers Willing to Pay a Premium to Stay at a “Green” Hotel? Evidence from an Internal Meta-Analysis of Hedonic Price Premia (2010, background): “While the conceptual basis for this approach dates back to the 1920s, Rosen (1974) strengthened the economic foundations of the method by demonstrating that the hedonic price function can be interpreted as an equilibrium relationship resulting from the interactions between all the buyers Table 1.”
Quasi-Experiments and Hedonic Property Value Methods (2009, unknown): “More likely, time and spatial resolution matrices will need to be created and entered directly into the hedonic estimation as suggest in equation (49).”
Online Appendix: The Housing Market Impacts of Shale Gas Development (2015, background): “…are updated to reflect re-optimization and subsequent market re-equilibration. water quality (Walsh et al., 2011; Poor et al., 2007; Leggett and Bockstael, 2000), school quality (Black, 1999), crime (Linden and Rockoff, 2008; Pope, 2008b), and airport noise (Andersson et al., 2010; Pope, 2008a).”